Capital Home Mortgage Seattle

Seattle Non Qualified Mortgages

Non Qualified Mortgage Lender Seattle Washington

Non-Qualified Mortgage Loans In Seattle Washington

Non-Qualified Mortgage (Non-QM) loans in Seattle are loans that do not adhere to the Consumer Financial Protection Bureau’s (CFPB) standard guidelines for a qualified mortgage. In lieu of relying solely on traditional forms of income verification (such as W-2s or pay stubs), these loans enable lenders to consider alternative forms of income or financial stability when determining eligibility.

The Dodd-Frank Wall Street Reform and Consumer Protection Act has parts meant to protect borrowers and the financial system from risky loans that led to the subprime mortgage crisis in 2007. The Act aimed to lower the overall risk that mortgages pose to the financial system by giving more reasons for both the primary and secondary markets to offer better home loans.

Non-QM loans may include risky features like interest-only payments to make loan qualification more feasible. This flexibility in eligibility requirements makes real estate investment opportunities available to a broader range of individuals, including novice and seasoned real estate investors and first-time homebuyers.

Nevertheless, the flexibility of Non-QM loans frequently comes at a price. Compared to a conventional mortgage, borrowers may be required to pay a larger down payment and a higher interest rate. In addition, the unique characteristics and lax underwriting standards of non-QM loans may expose the borrower to additional risks.

Types of Non-QM Loans in Seattle

Non-QM loans are intended for borrowers whose financial profiles do not match the requirements of a typical qualifying mortgage, such as those who have an inconsistent or nontraditional income structure, a significant credit event, or a heavy debt load.

The most notable types of Non-QM Loans in Seattle are the following:

  • No-Doc Mortgage Loans

No-Doc mortgage loans are growing more popular among homebuyers with unconventional incomes. As the name implies, these loans do not require income documentation, making them a feasible choice for self-employed persons, real estate investors, and other borrowers who may not meet typical lending requirements.

  • Debt Service Coverage Ratio (DSCR) Mortgage Loans

DSCR loans are another type of no documentation of income loan. In this instance, the rental income from the subject property must be sufficient to cover the mortgage payment and housing expenses (PITI – Principal, Interest, Taxes, and Insurance). This type of loan appeals to real estate investors who demonstrate that the rental income will cover the property’s expenses.

  • Bank Statement Mortgage Loans

A bank statement mortgage loan, also known as a stated income loan, is a type of mortgage in which qualification is based on bank statements rather than traditional income documentation such as W-2 forms and tax returns. This type of loan is especially beneficial for self-employed or gig employees whose income may need to be more consistent or easier to verify using conventional methods.

  • Foreign National Mortgage Loans

A Foreign National Mortgage Loan is a form of mortgage available to non-U.S. citizens who wish to buy property in the United States. This loan allows foreign nationals, nonresidents, and nonpermanent U.S. residents to obtain a mortgage and purchase property, regardless of their citizenship status. Foreign National Mortgage Loans can be used to acquire various properties, including single- to four-family residences, condominiums, townhomes, and even investment properties.

Apply for a Seattle Non-QM Loan with Capital Home Mortgage Seattle

Capital Home Mortgage Seattle provides consumers interested in non-qualified mortgage loans with an advantageous option. These loans are designed for individuals who may not satisfy the strict requirements for conventional mortgages, such as those who are self-employed or need more documentation. Non-qualified mortgages feature more flexible terms and less stringent eligibility requirements, making them an ideal option for many. These flexible terms and less stringent qualifications can be especially beneficial in a housing market as competitive as Seattle’s. Additionally, Capital Home Mortgage’s expertise with non-qualified mortgages can provide prospective homeowners in the city with much-needed financial opportunities, nurturing a more inclusive homeownership landscape.

Call (253) 528-4417 to speak with one of our Seattle Home Loan Experts regarding your Non-QM loan.

Why Seattle HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Seattle Washington Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness
Seattle Mortgage Programs

Seattle Home Purchase loans

Looking to Purchase a Seattle Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.
  • Primary, 2nd Home, Investment
  • Low Rates & Fees, No fee Options
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo & Renovation
  • Manufactured, Construction, Reverse

Seattle Renovation Home Loans

Looking to Rehab a Seattle Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.
  • Remodel, Renovate or Repairs
  • FHA 203K Streamline 
  • FHA Full Documentation Rehab
  • Fannie Mae Homestyle Reno
  • Freddie Mac Home Choice Reno

Seattle FHA Home loans

Great 1st Time Seattle Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.
  • Smaller Down Payments
  • Flexible Underwriting Guidelines
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Down Payment Gifts Allowed

Seattle va Home Loans

100% Financing for Seattle Vets

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
  • No Mortgage Loan Limits
  • Simple Qualifying
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Manual Underwriting Allowed

Seattle Conventional Home loans

Flexibility for Seattle Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a loan officer.
  • Primary, 2nd Home, Investment Properties
  • Single and Multi-Family Properties
  • Variable Mortgage Insurance Options
  • Low Rates & a Variety of Mortgage Terms
  • Renovation Programs Available

Seattle Jumbo Home Loans

Seattle Non-Confirming Home Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
  • Primary & 2nd Homes
  • Variety of Mortgage Programs
  • Simple Qualifying for Veterans
  • Investor Specific Guidelines
  • Credit Score Minimums

Seattle USDA Home loans

100% Rural Seattle Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.
  • Primary Residences
  • No Down Payment Required
  • New Manufactured Homes Allowed
  • Closing Costs / Repairs Rolled In
  • Geographic and Income Limits Apply

Seattle Native american Home Loans

Seattle Hud 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.
  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed
  • Purchase, Refinance, and Renovation

Seattle Manufactured Home loans

Great Alternative Seattle Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
  • Existing Purchase or Refinance
  • New Construction
  • One Time Close Land/Home Combo
  • Lock at Contract
  • FHA, VA, USDA, Native American

Seattle Reverse Mortgage Loans

Your Seattle Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.
  • Primary Residence Only
  • Simple Qualifying – Equity Based
  • No Credit Score Requirements
  • Minimum Age 62
  • Purchase, Refinance, and Cash-Out

Seattle Non QM Home loans

Making Seattle Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
  • Purchase, Refinance & Cash-out
  • Primary, Secondary, Investment Properties
  • Full Doc Programs
  • Alt Doc Programs
  • Corporations OK

Seattle One Time Close Home Loans

Build Your Seattle Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.
  • Primary Residences Only
  • One Time Close
  • Lock Rate at Closing
  • Traditional Final Mortgages
  • No Payments During Construction

Seattle Refinance Mortgage loans

Seattle Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.
  • Lower Monthly Payment
  • Shorten Mortgage Term
  • Streamline Options Available
  • Appraisal Waivers Allowed
  • VA IRRRL’s

Seattle Cashout Mortgage Loans

Seattle Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.
  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Dream Vacation
  • Higher Education

Seattle Washington Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

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